美国股票价格相对利润可能是被高估的——所幸相比早期的经济膨胀时期股票的势头平稳虚度。
American shares may be richly valued relative to earnings, but they are less unhinged than in earlier booms.
为物理科学和工程提供的经济支持几乎跟不上同一时期通货膨胀的速度。
Support for the physical sciences and engineering barely kept pace with inflation during that same period.
但与其它资产相比，艺术品的前景可能并不像其表面那样光鲜，它似乎只在经济超速增长和通货膨胀时期才表现不俗。
But art is less removed from the fates of other assets than it might look. It seems to do well during periods of above-trend growth and inflation.
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